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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	9/22/2001 8:43:54 AM
From: kendall harmon	of 37746

It feels like 1973, the view From London: GREY-HAIRED dealers had to go back as far as the bear market of 1973 to recall another session like yesterday’s, when the FTSE 100 spent the entire morning without a single stock gaining ground... Dealers reported that two big German insurers had been forced to liquidate their holdings of UK blue chips on the instructions of Frankfurt regulators, who were concerned at their solvency ratios. That meant a series of massive sell program trades, and heavy selling of FTSE 100 futures, which the insurers had used to hedge their portfolios.... thetimes.co.uk

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